The Indian Stock Market has a long and rich history. Originally based on what would become the London Stock Exchange, traders gathered to trade local stock and talk business. Eventually the Indian Stock Market became not just another financial arena in southern Asia, but the most important financial arena outside of Japan. Today the Indian Stock Market still holds prominence in the region.
Origins:
The Bombay Stock Exchange is Asia's oldest stock market. This stock exchange was established in 1875.
History:
The Bombay Stock Exchange began as the Native Share and Stock Brokers Association. This exchange obtained permanent recognition in 1956 from the Indian government. The Bombay Stock Exchange started as an open outcry system where traders would call their orders out and wait for a response.
Meeting Places:
Originally the traders met under banyan trees to do business; as the group grew in numbers these traders needed to move to different locations. A permanent location was found in 1874.
Prominence:
The exchange has become the largest in the number of listed companies and fifth largest in the amount of transactions.
Organization Change:
At first the Bombay Exchange was an Association of Persons, and remained so until the 21st century. In 2002 the exchange became a corporation.
STOCK MARKET INDIA
Origins:
The Bombay Stock Exchange is Asia's oldest stock market. This stock exchange was established in 1875.
History:
The Bombay Stock Exchange began as the Native Share and Stock Brokers Association. This exchange obtained permanent recognition in 1956 from the Indian government. The Bombay Stock Exchange started as an open outcry system where traders would call their orders out and wait for a response.
Meeting Places:
Originally the traders met under banyan trees to do business; as the group grew in numbers these traders needed to move to different locations. A permanent location was found in 1874.
Prominence:
The exchange has become the largest in the number of listed companies and fifth largest in the amount of transactions.
Organization Change:
At first the Bombay Exchange was an Association of Persons, and remained so until the 21st century. In 2002 the exchange became a corporation.
STOCK MARKET INDIA
No comments:
Post a Comment